Property profile

51 Main St Addyston, OH 45001

OFF-MARKET
Amusement parks
Property ID
US66-2474442
852 SF 4.33 ac lot Built 1995
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Addyston, Ohio business opportunity, located just outside Delhi, is offered at $900,000 with a 15.70% cap rate and a strong NOI of $172,607. The property includes four buildings on a 22-acre lot with 40 parking spaces and permitted business zoning. The turnkey operation includes all real estate, furniture, fixtures, and equipment, currently generating gross income of $195,204. Expenses include annual taxes ($5,303), insurance ($2,600), gas/electric ($2,700), water/sewer ($840), and maintenance ($7,250). The property features a pro shop with office, storage, and a large detached garage (30x40). Two long-term residential rentals are included, currently generating $1,300 monthly rent. The business includes 20 bays (12 covered), ball dispensing and picking machines, a ball washer, and extensive inventory (clubs, balls, etc., valued at approximately $110,000). Seller financing options are available. The property offers significant expansion potential, including adding a pickleball court or putt-putt course. The current tenant pays taxes, water, sewer, insurance, and exterior maintenance. This is a stabilized, multi-tenant business opportunity with a high return on investment. The property is easily accessible and has excellent road frontage. Please note that the property is currently operating as a golf ball business.

Property profile

Verified
Property type Amusement parks
Use group GO-CARTS, MINIATURE GOLF, WATER SLIDES
Year built 1995
Total area 852 SF
Lot 4.33 ac (188,615 SF)
APN 571-0008-0011-00
UPID US66-2474442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Golf Instructor Service Establishment

Location

51 Main St Addyston, OH 45001-2520
Addyston metro Census 20401 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
Last sale
$300,000
5 recorded transactions
2024
$300,000
2017
$150,000
2016
Price N/A
2002
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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